Brown-Forman (BSP:B1FC34) Debt-to-Equity

: 1.05 (As of Jan. 2024)

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Brown-Forman's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was R$3,580 Mil. Brown-Forman's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was R$13,171 Mil. Brown-Forman's Total Stockholders Equity for the quarter that ended in Jan. 2024 was R$15,960 Mil. Brown-Forman's debt to equity for the quarter that ended in Jan. 2024 was 1.05.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Brown-Forman's Debt-to-Equity or its related term are showing as below:

BSP:B1FC34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 1.09 Max: 1.94
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Brown-Forman was 1.94. The lowest was 0.49. And the median was 1.09.

BSP:B1FC34's Debt-to-Equity is ranked worse than
83.06% of 183 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs BSP:B1FC34: 1.05

Brown-Forman Debt-to-Equity Historical Data

The historical data trend for Brown-Forman's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

1.51

1.32

0.96

0.83

0.89

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																1.00	0.89	0.92	0.90	1.05

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Brown-Forman Debt-to-Equity Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Brown-Forman's Debt-to-Equity falls into.

Brown-Forman Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brown-Forman's Debt to Equity Ratio for the fiscal year that ended in Apr. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1180.052	+	13447.577)	/	16410.262
	=	0.89

Brown-Forman's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3580.45	+	13170.94)	/	15959.559
	=	1.05

Brown-Forman (BSP:B1FC34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Brown-Forman Debt-to-Equity Related Terms

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Brown-Forman (BSP:B1FC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (BSP:B1FC34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BF.B:USA BF.A:USA BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Brown-Forman (BSP:B1FC34) Headlines

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